“The act” of fraud typically involves not only the execution of the scheme itself, but also efforts by the fraudster to deliberately suppress or conceal their bad behavior and then convert it into a personal benefit.

Understanding how fraudsters could hide their crimes can help professionals to better design anti-fraud measures (including internal controls, policies, procedures, data analytics, training, etc.) with a higher-level of precision to prevent a fraud or enhance the likelihood of uncovering the warning signs or “red flags” of fraud sooner!